Latest From the Blog

Leigh Russell Leigh Russell

What People Need to Know When Starting a Business

The IRS knows that understanding and meeting tax obligations is vital to the success of all businesses, especially a new one. IRS.gov has the resources and information to help people through the process of starting a new business. 

Here are some tips for new entrepreneurs.

Read More
Leigh Russell Leigh Russell

Who Is Eligible for the American Opportunity Tax Credit (AOTC)?

The American Opportunity Tax Credit, often referred to as AOTC, is a tax credit provided by the U.S. government to assist eligible taxpayers in paying for qualified higher education expenses. The credit aims to make higher education more affordable for students and their families.

Read More
Leigh Russell Leigh Russell

Steps to Take If You Owe Back Taxes

Owing back taxes can be a stressful and overwhelming situation. Whether you've fallen behind on your income taxes or have unresolved tax debt from previous years, it's essential to address the issue promptly and take the necessary steps to resolve it.

Read More
Leigh Russell Leigh Russell

Taxpayers must file and pay taxes even if they live abroad

It’s important that U.S. citizens and resident aliens living abroad understand their tax obligations.

Their worldwide income -- including wages, unearned income and tips -- is subject to U.S. income tax, regardless of where they live or where they earn their income. They also have the same income tax filing requirements as U.S. citizens or resident aliens living in the United States.

Read More
Leigh Russell Leigh Russell

Ohioans have $4 Billion in Unclaimed Funds

Last year, Ohioans put more than $139 million back into their pockets.

Unclaimed funds are lost or forgotten money that businesses and banks report to the division after accounts become inactive, typically between three and five years.  The money can come from inactive checking and savings accounts, refund/credit balances, uncashed cashier’s checks, stocks and bonds, forgotten utility deposits and final paychecks.

Read More
Leigh Russell Leigh Russell

Quit Being a Cynic at Work.  It's Holding You Back.

We don’t want to be friends with our co-workers. We don’t want to help out with that project. We don’t trust the CEO…or our boss…or that guy in accounting.

Have we taken our cynicism at work too far?

Read More